Anand Tandon, CEC, JRG Securities advises traders to hold Tata Motors in their portfolio.
Tandon told CNBC-TV18, “One need to wait for a little while. Obviously, the street has been taken by surprise. What was surprising to me was why the volumes continued to grow as much as they did given the kind of scenario we had in Europe? But so far they did and now obviously it is catching up somewhere.”
He further added, “There will be some more selling before you actually begin to look at it to buy again – that said it still remains probably the cheapest stock on a consolidated basis in the sector. So if it were to report some growth and not de-growth number, which is still expected. It will still be something that you want to hold on your portfolio.”